Chocolates Sweet on Buys

Chocolates Sweet on Buys

People Corporate & Sovereign Strategy

Colombian food conglomerate Grupo Nacional de Chocolates (GNC) is considering acquisition opportunities and may announce a deal as soon as next month, CEO Carlos Enrique Piedrahita tells LatinFinance. "In 2005 we established a goal of doubling our sales by 2010 and we have achieved that. Now we want to triple 2005's sales by 2015 and we plan to do this via acquisitions and organic growth," he explains. Tripling 2005’s sales would require generating COP6.9trn ($4.0bn) in revenue, according to com

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